Bproperty, one of the biggest providers of comprehensive real estate solutions in the nation, has announced that it will merge with the Australian company Digital Classifieds Group (DCG).
As a result of the acquisition, Bproperty has access to even more resources to improve its services, while DCG significantly expands its reach in frontier areas and joins forces with a significant-scale company.
With operations in Cambodia, Papua New Guinea, Laos, and Fiji as well as a joint venture and investment in the Thailand-based prop-tech FazWaz Group, the DCG has established leading real estate classifieds in frontier countries since 2009, according to a news statement issued here today.
According to a press statement issued here today, the DCG has established leading real estate listings in frontier markets since 2009, operating in Cambodia, Papua New Guinea, Laos, and Fiji through a joint venture and investment in the Thailand-based prop-tech FazWaz Group.
To speed up its expansion, DCG switched its business model in recent years from advertising to transactional services. Despite global macroeconomic headwinds in the tech and real estate sectors, this deal will result in an expansion in global workforce to over 550 and revenue that is over 100%.
In order to let sellers, buyers, landlords, and tenants safely engage in a quick and transparent process to accomplish their goals, Bproperty, Bangladesh’s largest transacting real estate company, created a secure property marketplace.
Under the terms of the deal Bproperty CEO Mark Nosworthy will also join the Board of DCG.
